MSGN subsidiary defaults on $829M term loan; forbearance extended to Dec 20, 2024

Sphere Entertainment Co.

MSGN Holdings L.P., a Sphere Entertainment subsidiary, failed to pay $829.125M principal on Oct 11, 2024 maturity.
Unpaid interest as of Nov 26, 2024 is $4.389M; total term loan outstanding remains $829.125M.
Forbearance period extended to Dec 20, 2024, subject to earlier termination events defined in the amended agreement.
Loan parties acknowledge the Specified Default and waive defenses; lenders reserve all remedies after forbearance ends.
Revolving credit commitments terminated as of Oct 11, 2024; no new debt or restricted payments allowed without lender consent.

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